858

(a) An exempt company shall be exempt from the requirements of sections 1441 and 1442 of the Internal Revenue Code (as it applies in the United States Virgin Islands) to withhold the tax imposed by sections 871(a)(1) and 881 of the Internal Revenue Code (as it applies in the United States Virgin Islands) with respect to payments exempt from tax under section 857 of this chapter.\n(b) An exempt branch, as such term is defined in section 853a of this title, shall be exempt from the branch profits tax of section 884 of the Internal Revenue Code (as it applies in the United States Virgin Islands).